Data management company Cloudera goes public, trumps rival Hortonworks

Cloudera, the big data company files IPO to trade on NYSE

Palo Alto headquartered Cloudera, the big data company, and one of the earliest entrants in the big data arena (set up in 2008) has gone public and filed its IPO with reportedly $261 in annual revenue. The California big data enterprise is a leading provider of cloud based data analytics platform on Apache Hadoop.

In the last 12 months, the company reportedly listed  $261 million in sales. The big data enterprise gained popularity with enterprises by providing excellent storage options and also got angel backing from leading industry veterans such as VMware co-founder Diane Greene and Caterina Fake, chairman of Etsy. Other investors include marquee names such as Intel, Accel, Greylock Fidelity among others. The company, billed as unicorn was in talks to go public since 2013, however a sluggish 2015-16 and market slowdown kept it waiting in the wings for a long time.

As per the IPO prospectus, Cloudera seems to imply that its real driver is the ability to create open-source software and weave it into a data-analytics platform.

The current IPO has given the data analysis provider a valuation of  $4 billion according to news reports. Founded by Jeff Hammerbacher, Cloudera has managed to trump its major competitor Santa Clara based Hortonworks and legacy players such as Oracle and IBM among others.

The current valuation also puts the company way ahead of its main competitor Hortonworks.  There are a slew of other companies on the IPO radar, Okta, San Francisco-based security Software Company is expected to go public soon.  

According to news reports, the company had lost more than $130 million per year since 2015. And reportedly, Intel is the biggest investor in the data management company and has made valuable contribution by developing and marketing products with Cloudera and is betting big on its tools to attract big customers.

Seems like 2017 will be the year when more unicorns go public.


Download our Mobile App

Richa Bhatia
Richa Bhatia is a seasoned journalist with six-years experience in reportage and news coverage and has had stints at Times of India and The Indian Express. She is an avid reader, mum to a feisty two-year-old and loves writing about the next-gen technology that is shaping our world.

Subscribe to our newsletter

Join our editors every weekday evening as they steer you through the most significant news of the day.
Your newsletter subscriptions are subject to AIM Privacy Policy and Terms and Conditions.

Our Upcoming Events

Career Building in ML & AI

31st May | Online

Rakuten Product Conference 2023

31st May - 1st Jun '23 | Online

MachineCon 2023 India

Jun 23, 2023 | Bangalore

MachineCon 2023 USA

Jul 21, 2023 | New York

Cypher 2023

Oct 11-13, 2023 | Bangalore

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox